Daiwa Securities Group Inc. Purchases 14,551 Shares of CyberArk Software Ltd. $CYBR

Daiwa Securities Group Inc. lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 296.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,459 shares of the technology company’s stock after purchasing an additional 14,551 shares during the period. Daiwa Securities Group Inc.’s holdings in CyberArk Software were worth $7,918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Prudential PLC raised its position in CyberArk Software by 2.4% in the first quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock worth $432,000 after acquiring an additional 30 shares during the period. MAI Capital Management grew its position in shares of CyberArk Software by 1.1% during the 1st quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock valued at $932,000 after acquiring an additional 31 shares during the period. NewSquare Capital LLC increased its stake in shares of CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after purchasing an additional 32 shares in the last quarter. Allworth Financial LP raised its holdings in CyberArk Software by 7.4% in the 2nd quarter. Allworth Financial LP now owns 579 shares of the technology company’s stock worth $236,000 after purchasing an additional 40 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in CyberArk Software by 1.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,549 shares of the technology company’s stock valued at $862,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 0.9%

CyberArk Software stock opened at $465.45 on Thursday. The stock has a market cap of $23.50 billion, a P/E ratio of -100.97, a PEG ratio of 25.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.14 and a quick ratio of 2.14. CyberArk Software Ltd. has a 1 year low of $288.63 and a 1 year high of $526.19. The firm’s 50 day moving average price is $488.58 and its 200-day moving average price is $443.63.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.28. The firm had revenue of $342.84 million during the quarter, compared to analyst estimates of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. CyberArk Software’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CYBR. Barclays restated an “equal weight” rating and issued a $520.00 price target (up previously from $440.00) on shares of CyberArk Software in a research report on Tuesday, October 14th. Citigroup lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and increased their target price for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. Weiss Ratings initiated coverage on shares of CyberArk Software in a research note on Saturday, November 1st. They set a “sell (d-)” rating on the stock. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Finally, Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Eight investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $455.96.

CyberArk Software Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.